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The latest announcement is out from Palisades Goldcorp Ltd. ( (TSE:PALI) ).
Palisades Goldcorp Ltd., through its subsidiary Made in America Gold Corp., has announced a non-binding Letter of Intent to acquire Undercover Gold Inc., which owns the South Cortez and South Tonkin mineral properties in Nevada. This acquisition expands Made in America Gold’s landholdings by approximately 73 km², solidifying its position as the largest junior landholder in Nevada. The strategic acquisition aligns with the company’s goal of enhancing its presence along a prolific gold trend, potentially unlocking significant exploration and development opportunities. Undercover Gold shareholders will receive a 10% equity interest in Made in America Gold, and the transaction is expected to close by February 2026, pending regulatory approvals.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company focused on the gold mining industry. Its primary operations involve strategic acquisitions and investments in gold exploration projects, particularly in Nevada, where it has become a significant junior landholder through its subsidiary, Made in America Gold Corp.
Average Trading Volume: 65,967
Technical Sentiment Signal: Buy
Current Market Cap: C$93.39M
For a thorough assessment of PALI stock, go to TipRanks’ Stock Analysis page.